Stock is moving up with very high relative strength and both technicals and fundamentals are strong in the case of market indices correlation. Price is in the trending phase with Higher-Highs of 0.3-0.5 fib retracement which is considered as a fast trending pace of a particular stock. Recently the stock has given a breakout over the distribution phase and now on...
Great chart setup with an upside Tg-550 and SL-399.1. Volumes have been rising from past few days and a long term resistance have been broken with huge volumes with a clear indication of enterence of smart money. Moreover, CRS has a trendline breakout meaning in the coming few weeks it may outperform Nifty 50.
Super long positional
Invalid below 400
“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” – Bill Lipschutz
Stock was in long time down trend made low of 160 around last year and trend reversal done by making bottom there.
From Last 1yr price is in continuous uptrend breaking import horizontal level too with very good volume recently.
POSITIONAL TRADE OPPORTUNITY (4-6months holding)
BUY @ 475 SL - 350 TGT - 550, 650, 750+
bought at the levles of 429 today it touched 460 , but the operator was so strong that u can see the lower wick of the candle of today 9th June ,my all profit got vanished
Stock has given breakout _> then retest also done
good upside movement can be seen
right-now it is in resistance zone from historical downside price level if comes down good buy recommended
After giving a breakout consolidated for a while and now ready to fly. Buy above 480 TGT 540 SL 455. For educational purpose only. Kindly contact your financial advisor before entering any trade.
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